property tax

Definition

Local tax assessed on property owned, such as real estate or automobiles. Usually federal income tax-deductible.

Use property tax in a sentence

I didn't think we would have to pay any property tax, so I became pretty angry with everyone for not telling me what was happening.

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Homeowners in a number of jurisdictions are able to apply for a homestead exemption which will serve to minimize the property tax to which they are otherwise subject.

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My boss does not mind paying very high property tax on his new home in the suburbs because he believes the city will use the high taxes to provide great public schools.

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